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District insurance renewal spikes to $933,306; board approves renewal with limited market alternatives
Brookings School District 05-1 Board of Education · June 10, 2025
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Summary
The board approved renewal of property, liability and other coverages through the Associated School Boards Protective Trust at a total cost of $933,306, reflecting roughly an 11% increase and limited alternative insurers for school districts.
Stacy Van Beek told the board the district is "locked in" with the Associated School Boards Protective Trust through the end of calendar year 2026 and presented the renewal figures for liability, property, crime and auto coverages. The full renewal totals $933,306, with liability increases and a district-wide premium rise she…
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